ArmInfo.The first program, aimed at increasing energy efficiency in the regions, was financed by the ACBA-Credit Agricole Bank in Qasakh community.
According to the press service of the Bank, through the created infrastructure that generates clean energy, henceforth all public buildings and a network of external lighting will receive electricity. In particular, solar water heaters have been installed, the main street lighting system in the community has been modernized, LED street lighting fixtures have been installed(https://www.youtube.com/watch?v=ke8mI3owizs&feature=youtu.be).
According to the source, thanks to this program, the Qasakh community will save at least 6 million drams annually. As a result of using "green" energy, 105 tons of carbon dioxide CO2 will not be released into the environment. The Bank conducts financing under this program exclusively in AMD, without commission, at an annual interest rate of 9% and with a maturity of up to 5 years. "ACBA-Credit Agricole Bank" CJSC has been operating in Armenia since 1995. The majority shareholders of the bank are: the largest European banking group Credit Agricole S.A. with a 15.56% interest in the capital, after which SJSC "Sacam International" (a member of Credit Agricole S.A) - 12.44% followed by the size of participation, "ACBA Federation" CJSC - 71%.